General Insurance Article

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Global Insurance Market Insights

Aon has released its Q3 2025 Global Insurance Market Insights report. The report finds that insurance buyers are enjoying some of the most competitive market conditions in years, with abundant capacity, broadening coverage and double-digit rate reductions across many lines and regions.
Posted on Tuesday Nov 4

EV insurance challenges ahead in European sector

Morningstar DBRS published a commentary discussing the higher popularity of electric vehicles (EVs) in Europe and the impact on car insurance prices and European insurers’ underwriting profitability.
Posted on Monday Nov 3

Singapore GI market to surpass $8 billion in 2030

The general insurance industry in Singapore is projected to grow at a compound annual growth rate (CAGR) of 6.3%, increasing from SGD6.7 billion ($5.1 billion) in 2026 to SGD8.6 billion ($6.5 billion) in 2030, in terms of gross written premiums (GWP), according to GlobalData, a leading data and analytics company.
Posted on Friday Oct 31

Damage and impact from Hurricane Melissa

Today’s final post on Melissa, barring unforeseen changes in the forecast, starts the long process of examining the aftermath of a historic Atlantic hurricane.
Posted on Thursday Oct 30

GI market at tipping point as switching hits historic lows

Motor switching drops to 33% and home to 36%, Consumer Intelligence data shows. Bad and good experiences with claims are increasingly a reason to change or stay with an insurer.
Posted on Thursday Oct 30

China motor insurance industry to reach USD 174bn by 2030

The motor insurance industry in China is projected to grow at a compound annual growth rate (CAGR) of 5.4%, increasing from CNY999.1 billion ($140.0 billion) in 2026 to CNY1.2 trillion ($174.0 billion) by 2030, in terms of gross written premium (GWP), according to GlobalData, a leading data and analytics company.
Posted on Wednesday Oct 29

Cyber resilience is the weakest link we can no longer ignore

Trafalgar House has said that cyber resilience and inconsistency is the weakest Link in pensions we can no longer ignore.
Posted on Wednesday Oct 29

Cyber insurance demand surges amid geopolitical tensions

Cyber insurance has emerged as the most in-demand insurance product as escalating geopolitical tensions drive a surge in cyber threats. With conflicts increasingly extending into cyberspace, organizations are prioritizing stronger digital resilience, while insurers focus on providing clearer coverage and faster recovery support to meet the growing complexity of cyber-related risks, reveals the latest poll by GlobalData.
Posted on Tuesday Oct 28

Locked out loved ones unable to access financial passwords

More than a third (37%) of Brits say loved ones wouldn’t know their financial passwords were they to pass away, while 33% wouldn’t be able to locate important documents. And it’s not just financial details that are out of reach, but also social media passwords or lock box details. Despite UK adults avoiding talking about death with their partner (20%), children (29%), and parents (35%), more than half (52%) admit they’d feel reassured knowing their loved ones would be ok.
Posted on Tuesday Oct 28

UK businesses leading global peers in risk oversight

Aon have announced the UK findings of its 2025 Global Risk Management Survey. The survey reveals that UK businesses are outpacing their global peers in risk management and governance.
Posted on Tuesday Oct 28

AI in insurance: Navigating regulation across the US

Artificial intelligence is offering US insurers a plethora of new opportunities, driving transformation in risk assessment, customer engagement and operational efficiency. Despite recent efforts to bring AI regulation under federal auspices, oversight remains characterised by a fragmented and largely state-driven regulatory environment.
Posted on Monday Oct 27

Car Insurers sharp rise in PPO liabilities after ASHE data

New data from the Office for National Statistics’ Annual Survey of Hours and Earnings (ASHE) reveals a sharper-than-expected increase in care worker pay, triggering a significant rise in Periodic Payment Order (PPO) obligations for UK motor insurers and reinsurers.
Posted on Thursday Oct 23

The changing shape of monthly car insurance payments

New data from Consumer Intelligence shows that while the cost of spreading car insurance payments is falling, fewer insurers are offering the choice
Posted on Tuesday Oct 21

IPT continues to rise so is it time for a rethink

HRMC data shows that Insurance Premium Tax (IPT) has collected £4.54 billion through the first half of the Financial Year (2025/26). It marks an increase of £39 million on the same period through the previous Financial Year (£4.50 billion in 2024/25) which went on to collect an all-time high tax take of £8.88 billion.
Posted on Tuesday Oct 21

Beneath the surface of AI in Insurance

Artificial intelligence has become a common technology in the insurance industry, with a focus on claims processing, reveals a new report by Sollers Consulting. However, there are significant differences between companies in their preparedness to deploy artificial intelligence. The business and IT consulting firm conducted in-depth interviews with leading representatives from 35 insurance companies in five regions across Europe and North America.
Posted on Monday Oct 20

Updated floods guide launched to help recover and rebuild

As the UK marks Flood Action Week (13 – 19 October), the ABI has published its updated floods guide, outlining insurers’ support at every stage of recovery process to give people the confidence and clarity they need when confronting the aftermath of flooding. The guide also explains how homes could be made more flood resilient whilst being repaired through the Build Back Better scheme.

Posted on Thursday Oct 16

Ethnicity Pay Gap reporting must go beyond biggest employers

Ethnicity pay gap (EPG) reporting involves measuring and publishing the difference in average pay between employees from different ethnic backgrounds within an organisation.
Posted on Wednesday Oct 8

Regulators combine to tackle poor claims management practice

The Financial Conduct Authority (FCA), Solicitors Regulation Authority (SRA), Information Commissioner’s Office (ICO) and the Advertising Standards Authority (ASA) are joining together to tackle misleading advertising and inadequate information provided by some claims management companies (CMCs) and law firms working on motor finance claims, and the risk that excessive fees are charged to clients.
Posted on Monday Oct 6

Lessons in implementing board level AI governance

Effective leaders have shifted from traditional risk management protocols to more dynamic and responsible governance models for managing AI. AI governance continues to evolve in 2025 for both boards and senior management teams. Recent studies suggest many companies are not achieving the desired return on investment from AI projects, and many boards are devoting time to AI governance without achieving desired outcomes.
Posted on Friday Oct 3

The Data Use and Access Act what are the key impacts

In June this year, The Data (Use and Access) Act 2025 (DUAA) received Royal Assent. There’s a staged approach to commencement, with most changes likely to come into effect from December this year, and the rest in early 2026. Here’s our take on the measures which are likely to be of most interest to pension schemes and funds.
Posted on Friday Oct 3

9 in 10 firms interested in insurance cover for Gen AI risks

Businesses worldwide are rapidly embedding Generative AI (Gen AI) into products, services and internal operations. While this brings significant opportunities for innovation and efficiency, it also introduces new and complex risks – from defective outputs and copyright infringement to cybersecurity vulnerabilities.
Posted on Friday Oct 3

Insurance advice ahead of Storm Amy

As the Met Office names the first storm of the autumn, the ABI has issued advice to homeowners and businesses on how to prepare and what to do if they need to make a claim. With strong winds and heavy rain expected across much of the UK, and especially in parts of western and southern Scotland, the ABI is encouraging people to:
Posted on Wednesday Oct 1

Data reveals only 7% of properties are insured correctly

According to data collected from more than 43,000 comprehensive property assessments, only a worrying 7% of UK properties are insured accurately, with 70% of properties underinsured and 23% overinsured.
Posted on Friday Sep 26

Road casualty statistics 2024

1,602 people were killed on Britain’s roads last year
Young drivers and their passengers remain disproportionately at risk when compared to other drivers
Motorcyclist fatalities rose by 8% in a year, while pedestrian deaths increased by 1%
“Highlights the urgent need for a comprehensive road safety strategy” says AA’s head of roads policy
Posted on Thursday Sep 25

Heathrow cyber attack shows the need for cyber insurance

Heathrow cyber-attack highlights need for parametric and preventive cyber insurance. Major European airports, including Heathrow, Dublin, and Brussels, faced significant disruption following a recent cyber-attack. The incident led to dozens of cancellations, hundreds of delays, and long queues as staff were forced to use handwritten tags and manual redeployments.
Posted on Thursday Sep 25